Two-Family Brick
For Sale
$1,299,000
60-77 69th Avenue, Ridgewood, NY 11385
Both residences have eat-in kitchens and formal dining areas, with outdoor space at the rear.
Property Size3,444 SF
Price / SF$377.18
Days on Market9
Property Features for 60-77 69th Avenue
General Information
Standard status
Active
Size
3,444 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1BA + additional room
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,289
Amenities
private rear deck
backyard
rear balcony
Full
Carpet,Hardwood
2
No
Yes
5
Eat-in Kitchen,Formal Dining
Public
3444
Building Details
Building Size
3,444 SF
Year Built
1910
Buildings
1
Construction
solid brick
Tenancy
Single
Listing Agency:
Crifasi Real Estate Inc
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crifasi Real Estate Inc
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Investment Insights
Based on property information with market context.
This brick duplex, built in 1910, contains two residences, each with an eat-in kitchen, dining area, two bedrooms and one full bathroom. The first-floor apartment is expected to be vacant at closing and opens to a private rear deck and the backyard. The upper apartment has an additional room that can serve as a bedroom, office or guest room, along with a rear balcony. A full basement and gas heat are also part of the property, and the roof was replaced in 2026.
The property is within the Central Ridgewood Historic District. Public transportation, subway service, buses, shops, restaurants, cafes, schools and parks are identified in the surrounding area.
The property is within the Central Ridgewood Historic District. Public transportation, subway service, buses, shops, restaurants, cafes, schools and parks are identified in the surrounding area.
Key Highlights
- Two apartment units in a brick building constructed in 1910
- First‑floor apartment expected to be vacant at closing
- Upper apartment has two bedrooms plus an additional room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,187
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,740
$1.7M
Cap Rate 7%
$1,202,671
$1.2M
Cap Rate 9%
$935,411
$935.4K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$159.1K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$153.1K $44.44/SF
− OpEx
−$68.9K −$20.00/SF
NOI
$84.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,740
Cap Rate 7%
$1,202,671
Cap Rate 9%
$935,411
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,187 @ 7.0% cap · market cap 6.48%
Second Best
Multifamily LT 5
$814.3K
$712.6K – $950.1K
NOI $57,004 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,727 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,590
Businesses Nearby
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Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have eat-in kitchens and formal dining areas, with outdoor space at the rear.
Where is this duplex located?
The property is located at 60-77 69th Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two apartment units in a brick building constructed in 1910; First‑floor apartment expected to be vacant at closing; Upper apartment has two bedrooms plus an additional room
